United

<div class="coinjournal">
 <ul class="decimal_type">
  <li>CZ’s travel to UAE was denied by a US judge despite a $4.5B Binance equity offer.</li>
  <li>Concerns over flight risk were cited due to Zhao’s substantial wealth and ties abroad.</li>
  <li>Sentencing for CZ, facing 10-18 months in prison, is set for February.</li>
 </ul>
 <p><a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> founder Changpeng ‘CZ’ Zhao faces a legal hurdle as a US federal judge rejects his request to <a rel="noopener noreferrer nofollow" title="travel" href="https://thebittimes.com/tag/travel.html">travel</a> to the UAE, despite <a rel="noopener noreferrer nofollow" title="offer" href="https://thebittimes.com/tag/offer.html">offer</a>ing $4.5 billion in <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> <a rel="noopener noreferrer nofollow" title="equity" href="https://thebittimes.com/tag/equity.html">equity</a> as security. The denial comes amid Zhao’s guilty plea to anti-money laundering charges and impending sentencing, adding complexity to his legal saga.</p>
 <p>Changpeng ‘CZ’ Zhao was pleading to travel to the United Arab Emirates for a family emergency and had $4.5 billion in Binance US equity as security.</p>
 <h2 id="cz-s-flight-risk-concerns-and-sentencing">CZ’s flight risk concerns and sentencing</h2>
 <p>The rejection of Zhao’s <a rel="noopener noreferrer nofollow" title="travel" href="https://thebittimes.com/tag/travel.html">travel</a> request underscores concerns about potential flight risks. A federal judge in Seattle had previously ruled that Zhao must remain in the US pending his sentencing, citing his substantial wealth abroad and minimal ties to the United States.</p>
 <p>Zhao’s sentencing, scheduled for February, could result in a 10 to 18-month prison term under federal sentencing guidelines. His guilty plea and resignation from the Binance US board also necessitated Binance’s exit from the US market and a hefty $4.3 billion penalty for anti-money laundering violations.</p>
 <p>The denial to <a rel="noopener noreferrer nofollow" title="travel" href="https://thebittimes.com/tag/travel.html">travel</a> outside the US continues to compound Changpeng ‘CZ’ Zhao’s legal troubles. The decision underscores concerns about flight risks and adds complexity to Zhao’s legal saga, which includes a guilty plea to anti-money laundering charges and an impending sentencing. As Zhao navigates these challenges, the future of <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> and his standing in the cryptocurrency community remain uncertain.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/us-judge-denies-changpeng-zhao-travel-to-uae-despite-4-5b-binance-equity-offer-tbt77729.html">https://thebittimes.com/us-judge-denies-changpeng-zhao-travel-to-uae-despite-4-5b-binance-equity-offer-tbt77729.html</a></p>

US Judge denies Changpeng Zhao travel to UAE despite $4.5B Binance equity offer

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